Would the conveyancing lawyers indexed on your site conduct right to buy conveyancing in Westcombe Park?
We work with plenty of conveyancing solicitors who can conduct right to buy transactions Do contact us with a view to secure a costs illustration.
I am the only recipient of my late father’s estate and I have everything in my name alone, including the my former home in Westcombe Park. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be treated the same way as if I'd bought the house in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Most lenders would take a pragmatic view as this requirement chiefly exists to pick up on subsales or the flipping of property.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Westcombe Park bank branch on various occasions and was told they are content with the situation and they would lend. My Westcombe Park conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the conveyancer is on the lender panel, they must comply with the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I was told two weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Westcombe Park is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying a new build house in Westcombe Park benefiting from help to buy. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my solicitor about this extras as it may affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Westcombe Park is where the house is located. Can you shed any light on this issue?
Flying freeholds in Westcombe Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Westcombe Park you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westcombe Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Westcombe Park and how can you help?
The 1954 Act gives a safeguard to business lessees, giving them the right to make a request to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Westcombe Park is one of the many areas of the UK in which our lawyers have offices
In sourcing the web for the words on line conveyancing in Westcombe Park it reveals many conveyancersin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The best method of choosing the right conveyancer is via trusted referral, so ask colleagues and family who have purchased a property in Westcombe Park or the reputable estate agent or financial adviser. Costs for conveyancing in Westcombe Park vary, so it's a good idea to request at least three fee calculations from varying types of law firms. Dont forget to clarify what costs in the quote includes.